do you agree or disagree with this discussion and what do you like about it$?$ Financial budgeting and planning is very important whether it$$s saving for a personal goal to buy a home,car, whether your developing a budget for your business or your setting aside money every month for investing for retirement and letting compound interest do its magic! Using the example of receiving $8$ dollars today then $9$ dollars seven years from now$$ could be looked at both ways, first thing that comes to mind is inflation next could be what the money could of did for you today and compounded to$.$ Even though a small amount of $8$ dollars if looking at the percentage return I$$m sure it would be impressive. Considering the time value of money is one of the most important factors in retirement. Once again this is where compound interest is the main topic, just a few years can make massive amounts of difference in the end $$nest egg$.$ For example missing $5$ years of contributions you would have significantly increase your contribution amount to catch up$.$ Also the other main topic of retirement is inflation just take todays world for example, we all seen massive increases in prices and seen inflation right in front of our eyes! Sadly to say advisors are even questioning if a million dollars in retirement is enough anymore $($in some states$)$ considering that$$s your sole income just living off the principal. So to conclude financial planning and budgeting is key for all aspects in life.